Fifth District Bancorp

FDSB

Market cap $74.2M

NEW ORLEANS , Aug. 25, 2025 /PRNewswire/ -- Fifth District Bancorp, Inc. (the "Company") (Nasdaq: FDSB), the holding company for Fifth District Savings Bank, announced today it has authorized a stock repurchase program for up to 555,947 shares of its common stock, representing 10% of shares currently outstanding. The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors.

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Fifth District Bancorp is a newly public, conservatively run thrift trading at just 0.56x tangible book value, with a pristine balance sheet and excess capital. The upcoming August 2025 buyback/dividend window is a potential catalyst for FDSB stock. Even modest buybacks could drive a 13–26% potential upside, and fair value estimates suggest shares could be worth $17–$19.50+ per share.

NEW ORLEANS , July 31, 2024 /PRNewswire/ -- Fifth District Bancorp, Inc. (the "Company"), the holding company for Fifth District Savings Bank (the "Bank"), has completed its initial public offering in connection with the Bank's conversion from the mutual form of organization to the stock form of organization, effective today. The Company sold 5,459,473 shares of common stock, which includes 444,758 shares sold to the Bank's Employee Stock Ownership Plan, for gross offering proceeds (before deducting offering expenses) of approximately $54.6 million based on the offering price of $10.00 per share.